Voip-pal.com Inc. Files Q1 2025 10-Q

TL;DR

**VPLM Q1 10-Q is IN. Financials detailed vs. prior year. Check it.**

AI Summary

Voip-pal.com Inc. filed its 10-Q for the period ending December 31, 2024. The filing includes financial data for the quarter and year-to-date periods, comparing them to the prior year. Specific financial statement line items such as common stock, preferred stock, additional paid-in capital, and retained earnings are detailed for various reporting dates.

Why It Matters

This filing provides investors with a quarterly update on Voip-pal.com Inc.'s financial health and performance, crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information which can reveal both positive and negative trends, impacting investment decisions.

Key Numbers

• 2024-12-31 — Period End Date (Indicates the end of the reporting quarter)
• 2023-12-31 — Prior Year Period End (Used for comparison in the 10-Q)

Key Players & Entities

• Voip-pal.com Inc. (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of the reporting period
• 2025-02-14 (date) — Filing date

FAQ

Filing Documents

• form10-q.htm (10-Q) — 869KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 9KB
• 0001493152-25-006777.txt ( ) — 4826KB
• vplm-20241231.xsd (EX-101.SCH) — 35KB
• vplm-20241231_cal.xml (EX-101.CAL) — 31KB
• vplm-20241231_def.xml (EX-101.DEF) — 141KB
• vplm-20241231_lab.xml (EX-101.LAB) — 272KB
• vplm-20241231_pre.xml (EX-101.PRE) — 219KB
• form10-q_htm.xml (XML) — 773KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements. 3 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 23 Item 4.

Controls and Procedures

Controls and Procedures. 23

—OTHER INFORMATION

PART II—OTHER INFORMATION Item 1. Legal Proceedings. 25 Item 1A. Risk Factors. 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 26 Item 3. Defaults Upon Senior Securities. 26 Item 4. Mine Safety Disclosures. 26 Item 5. Other Information. 26 Item 6. Exhibits. 26 2 PART I—FINANCIAL INFORMATION Item 1. Financial Statements. VOIP-PAL.com Inc. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited – prepared by management) As at December 31, 2024 (Expressed in U.S. Dollars) December 31 September 30, 2024 2024 ASSETS CURRENT Cash $ 1,793,232 $ 2,369,413 Restricted cash 40,250 40,250 Prepaid expense 23,971 30,721 Retainer (Note 5) 12,074 18,749 Total Current Assets 1,869,527 2,459,133 NON-CURRENT Intellectual VoIP communications patent properties, net (Note 6) - - TOTAL ASSETS $ 1,869,527 $ 2,459,133 LIABILITIES CURRENT Accounts payable and accrued liabilities $ 121,820 $ 300,782 TOTAL LIABILITIES 121,820 300,782 STOCKHOLDERS' EQUITY SHARE CAPITAL (Note 11) Authorized 8,000,000,000 common shares, par value of $ 0.001 2,000,000 preferred shares, par value of $ 0.01 Issued 3,624,945,275 common shares (September 30, 2024 – 3,589,945,275 ) $ 3,101,411 $ 3,066,411 926,438 preferred shares (September 30, 2024 – 787,916 ) SHARE CAPITAL (Note 11) $ 3,101,411 $ 3,066,411 OBLIGATION TO ISSUE SHARES (Note 15) - 351,000 PREFERRED SHARE CAPITAL (Note 11) 9,264 7,879 ADDITIONAL PAID-IN CAPITAL (Note 11) 102,506,554 102,090,843 DEFICIT ( 103,869,522 ) ( 103,357,782 ) TOTAL STOCKHOLDERS' EQUITY 1,747,707 2,158,351 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,869,527 $ 2,459,133 Nature and Continuance of Operations (Note 1) Contingent Liabilities (Note 12) The accompanying notes are an integral part of these interim condensed consolidated financial statements. 3 VOIP-PAL.com Inc. INTERIM CONDENSED CONSOLIDATED S

financial statements are detailed as follows

financial statements are detailed as follows: In November 2023, the FASB issued ASU 2023-07, Segment Reporting – Improvements to Reportable Segments Disclosures. The amendments enhance disclosures of significant segment expenses by requiring disclosure of significant segment expenses regularly provided to the chief operating decision maker (CODM), extend certain annual disclosures to interim periods, and permit more than one measure of segment profit or loss to be reported under certain conditions. The amendments are effective for the Company in fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption of the amendment is permitted, including adoption in any interim periods for which financial statements have not been issued. The Company is currently evaluating the guidance and its impact to the financial statements. Certain other new standards and interpretations have been issued but are not expected to have a material impact on the Company's financial 10 VOIP-PAL.COM INC. Notes to the Interim Condensed Consolidated Financial Statements (Unaudited – prepared by management) (Expressed in United States Dollars) December 31, 2024 NOTE 4. PURCHASE OF DIGIFONICA The Company acquired Digifonica in December 2013. Pursuant to the terms in the Share Purchase Agreement (the "SPA"), the Company acquired 100 % of Digifonica from the seller, the CEO of the Company (the "Seller"), for a cash payment of $ 800,000 and 389,023,561 common shares of the Company. The assets acquired through the acquisition were VoIP-related patented technology, including patents for Lawful Intercept, routing, billing and rating, mobile gateway, advanced interoperability solutions, intercepting voice over IP communications, and uninterrupted transmission of internet protocol transmissions during endpoint changes. The SPA included an anti-dilution clause (the "Anti-Dilution Clause") that re

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